2015-07-23

New record: Chinese Banks Issue ￥1.12 Trillion in Mortgages in First Half

For the first time ever, Chinese banks have lent more than 1 trillion yuan to homebuyers in the first half of the year.

According to People's Bank of China on July 22 released the "first half of 2015 financial institutions loans to invest in the statistical report, "the data show that from January to June this year, individual housing loans increased 1.12 trillion yuan, up (over the previous year) by more than 176.7 billion yuan, which is also a record half-year personal loans the first break of 1 trillion.